Re:Swiss Franc Mortgage to Euro Mortgage

Financial questions answered by Independent Financial Advisor Mark Nowell

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HBoss
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Joined: 03 Mar 2013 19:55

Re:Swiss Franc Mortgage to Euro Mortgage

Post by HBoss » 03 Mar 2013 21:02

Hi Mark

I would like your view on changing a mortgage from a Swiss Franc to a Euro mortgage.

The Bank has agreed to this and to extend the mortgage for a further 10 years but I'm not sure if I'm making the right move. They said the new rate would be Euribor 6m + 4,25%. I don't understand what the 6m means but the Euro payment is better than the Swiss Franc with the mortgage term being extending on both currencies.

Thanks for your help in this matter.

HBoss



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